Yahoo Small Business Rebranded As Luminate
The new company Aabaco has been created primarily to hold Yahoo's large stake in Chinese ecommerce giant Alibaba Group. Aabaco will be a separate company operating independently of Yahoo.
Writing on their blog, Head of Yahoo Small Business, Amer Akhtar, said "We are 100% committed to providing the highest level of service and solutions to help you grow your business. Plus, as a subsidiary of Aabaco after the spin-off, we'll be investing in our infrastructure and operations to make your experience even better."